We use this model when the scope of requirements and budget are clearly defined, and the expected results and deadlines are clearly fixed
1
Evaluation of the project according to the specifications provided by the customer
2
The customer pays a fixed price
Low Risk
Clearly formulated requirements allow the customer to accurately determine the timing and budget of the project
Transparency
Allows the customer to create a transparent and clear work plan. Each stage of the project is evaluated and regulated
Ability to budget for the entire project
Customer can initially adjust the scope of the project depending on financial capabilities
Actual Labor Costs
This model is used when the scope, specifications and requirements are not clearly defined at the start of the project
1
Formation of project teams and provision of infrastructure in accordance with the requirements of the project
2
The customer pays the agreed hourly cost of the specialists work
Flexibility
Flexibility throughout the development process to optimize time and cost
Optimization
Allows to ensure the optimal ratio of team size and scope
Adaptability
Suitable for projects in development or with unclear scope
Hybrid model
This model is used when combining the operation schemes of the fixed and actual models
1
Part of the work, in which the requirements are clearly defined, will be performed at a fixed cost
2
Part of the work, in which the requirements were not known at the start of the project, or which will arise at later stages of the project, will be paid by the customer according to the actual model
Variability
Allows to organize the development process in accordance with changing business requirements
Interaction
Enables both parties to mitigate risks and build a comfortable rhythm of cooperation
Funding control
Guarantees greater transparency of costs, allows to get an idea of the formation of the project budget